m - Canton Public Library

Business
Barry Jensen editor/591-2300
8C*(R.W,G-6C)
STlje ©bseruer Nruispapers
What to compare in universal life
Part Two
Last week, we presented the essentials
of Universal Life (UL) insurance.
This week, we will develop
certain key strategies for selecting
the appropriate UL for you.
• The promised rates. The rates
advertised by the UL policies can be
misleading, so watch out for this
pitfall. The advertised rates are
paid on the money that goes into
savings after load charges and the
cost of insurance are deducted.
Moreover, some companies pay less
than the advertised rates on the initial
money paid in premiums, such
as the first SI,000.
• The load charges. Check the
loads carefully. They vary quite a
lot and are imposed in different
ways There may be a lump-sum deduction
of several hundred dollars
from the first-year premiums, plus
deductions of 5 percent or, more
from future premiums.
e The guaranteed rate of return
Find out how the rate of return is
calculated and how long it is guaranteed.
Check the projected cash
value at the end of the first year
and compare it with the first year's
premium.
• Surrender charges It is important
to know if there are surrender
charges. If so, an estimate of
how much these charges could add
up to should be made.
• Increase in face value. What
are the medical requirements for
increasing the policy's face
amount? If the policy has stringent
Q
finances and you
Sid
Mittra
requirements, you may not be able
to increase the coverage even if
such an increase might be absolutely
essential.
a Multiple polices. If a company
has more than one UL policy, compare
them carefully. Many companies
sell two generic types. In one,
the death benefit is limited to the
policy's face amount, which includes
the cash value. In the other,
the cash value is added to the face
value. Still other varieties are being
offered. The newest version, due on
the market in 1984, will allow policyholders
to choose among several investment
vehicles, including stocks,
for their cash values
For more information on UL policies,
send a self-addressed, stamped
envelope to the National Insurance
Consumer Organization, Rate-Of-
Retum Service, 344 Commerce St..
Alexandria, Va. 22314
USI C a r d D i r
20547 FENKELL AVE. COR. PATTON
C.J. LEGGERT
Plumbing & Heating, Inc.
PLUMBING AND HEATING REPAIRS
AUTOMATIC WATER HEATERS —DISPOSALS
FIXTURES-PLUMBING SUPPLIES
Since 1927 DETROIT, MICH. 4*223
HOME ENERGY
CONSULTANTS
*9C
Social Security is taxable starting Jan. 1
The new Social Security law has
some built-in surprises. For the first
time since benefits began in 1940, some
recipients will be taxed on their benefits.
In addition, payroll taxes for workers
and their employers will be boosted
on Jan. 1, with the steepest increases
hitting the self-employed.
But understanding how the new levy
affects you can shieM you from some
of the surprises. Certain measures taken
before Jan. 1 can save you money
IT'S YOUR FUTURE....
SHOOT FOR IT! M a You
Hit your target each month with
a deposit payment that assures
your retirement goal.
Ask about our TARGET FOR
RETIREMENT-
IRA at any branch of
523-0733
EquaL
Opportunity
Lender
THE MOST DRAMATIC aspect of
the Social Security Amendment of
1983. which takes effect Jan. 1, is the
new formula for determining if your
benefits will be taxed and how much
that tax will be.
Items to be taxes will include retirement
benefits, disability benefits and
survivor benefits. However, children
receiving survivor benefits will have to
earn $.25,000 before they are taxed.
This is unlikely.
Lump sum death benefits will not be
subject to Social Security benefits taxation.
Another new twist is that tax-exempt
interest from such things as municipal
Michigan \ational Bank
West Metro
Retirement
Member FDIC
Equal Opportunity
Employer
Select NOW Where You See The Most
IIn Life-Like Trees. All Sizes, 1/3 OFF
SEE
woe
lion
Christens
trr-e itghr
ornaments
anrt trims
4
GREAT
VALUES
"'A
? Ft. MmiIm KH| 4 9
PINE. RegiOr US.00
i Ft. howim $7098
BMRIAN Rej SIM / M
7 Ft. MaaitM K«| 1 2 9 " "
TRADITIONAL. Reg SI9S
7 Ft. MoastM Kng S 0 9 9 8
CANADIAN Reg S13S
Our FRESH-CUT TREES are selected by
English Gardens In The North Country
Douglas Fir. Scotch Pine Balsam Spruce
White Pine We take your tree to your car
and fasten If necessary
ALSO FRESH PM^e C#da< Rop«r>fl and
fresh Boughs tor holiday trwn
ens
W. BLOOMFIELD DEARBORN
6370 Orchard Lake Rd. 22650 Ford Road at
at Maple 851-7506 Outer Drive...278-4433
DAILY 9:00 to 9:00 SUNDAYS 9:00 to 6:00
Vi»a and MasterCard
Big Selection of
WREATHS
LIV! Wr»«lh.
is-« H and up
is-meh iisa mwi up
Tha Very Best
POINSETTIAS
Florist-Quality pianis 'ecetved
'resh daily from me linesi
growers Gift wrapped or in
wicker basket
6.98 to 24.98
Dramatize Christmas Interiors
with 3 to 5 Ft. Tropical Plants
BIG 10-INCH POTS . . . 19.98 Value
14 98
- UfCI
•us
• utitaii
SMfftdl
• MiUUU
SUiHUli
• FCK
URtAMUU
• mif»
mr
$25 to $29.98 Value Floor Plants
• MW9U »'* • (CIS IfllEMUU ~tfl
tj km im laMrHcr
- MMOII fUH • »t*Ci t*T
• IASCT cuk miami
50—LIGHT SETS 1.98
ndoo' ovtooo
approved
:o*or lights
construction
trade-in
MO
Limit
COUPON
English Garden*
50 -uC» C' 20 Colors
• 7 FT. ALUMINUM
CORNER COLUMNS
White-Black 124.95
Coll Stock
S 4 295
24"x50'
t SIDING SECONOS
White norz. $44.95 Sq.
Colors horz. $38.95 Sq,
• GUTTER SECONOS
5" "K" While. 4S- Ft.
downspouts white $3.50
• GUTTER FIRST QUALITY
White neavy gauge... ss- Ft.
Colors heavy gauge.. 71* Ft.
CUSTOM LENGTHS AVAILABLE
• FOAM INSULATION
8" DfOD'n $7.75 $q.
V wfoil (4x8) 3.95 Es.
1 Plain 14x8} 2.95 la.
•ATIK INSULATION
12.3 cu. ft $4.59 es.
Machine •»ail*b*a
BUY a BAGS
GET 1 FREE
• PLYWOOD — ** or v, CDX
Free Naing Apr or w, Purchase
Hourt: Dally 3-5 Sat 8-T2
C'os&J Sun.
VIKING ALUMINUM CORP.
12-17-s3 30175 f 0 r d r 0 a d ~ g a r d e n c,ty - 421-5743
iCHIMNEYS
• Cleaned
• Screened
I • Repaired
Built New J Z m j X <
KARNEY DERDERIAN
CONTRACTORS
427-3981
OVER 32 YEARS
(Between MMdlebelt and Merrlman) fi
-V-
Roofs
Repairec
Re-roofpo
• Leak
LICENSED • INSURED • GUARANTEED i
$5.00 OFF ON CHIMNEY CLEANING WITH THIS AD
COUPON • • • Expires Dec 31 1983 • • COUPON